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Grace [21]
3 years ago
12

What is a lessee? what is a renter

Business
1 answer:
stira [4]3 years ago
6 0
Lessee is a person who holds the lease of a property. A renter is a person who rents an apartment, a car, or other objects.
You might be interested in
Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land
Mrrafil [7]

Answer:

$212,000

Explanation:

The cost principle is an accounting concept fro recording asset in the books of accounts. According to this principle, assets should be recorded at the actual price paid for the item.  The phrase 'cost principle' is also referred to as the historical cost principle.

In the case of the Donnar company, the amount to be recorded should be $212,000. This is the agreed price. It is the actual amount that the Donner Company will pay for the land. The cost recorded is expected to stay constant unless amended through amortization, depreciation, or appreciation in value.

5 0
4 years ago
NAFTA eventually eliminates all tariffs on goods produced and traded between the United States, Mexico, and Brazil. True False
Nata [24]

Answer:

The statement is: False.

Explanation:

The North American Free Trade Agreement (<em>NAFTA</em>) is a treaty signed by Canada, Mexico, and the United States to create a free-trade area between those regions. Besides eliminating tariffs on imports and exports between the three countries, thanks to the NAFTA procedures to resolve trade disputes can be established. Also, according to the NAFTA, the three countries must respect the patents trademarks and copyrights of each of them.

Brazil does not belong to this bloc.

7 0
4 years ago
Bridgeport Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busin
mars1129 [50]

Answer and Explanation:

The journal entries are shown below:

1. Cash $19,980

    To Common Stock $19,980

(Being the invested amount is recorded)

2. No journal entry is required  

3. Rent Expense $999

       To Cash $999

(Being the rent expense is recorded)

4. Supplies $1,443

    To Accounts Payable $1,443

(being supplies purchased on account is recorded)

5. Accounts Receivable $2,109

      To Service Revenues $2,109

(Being service provided is recorded)

6. Cash $777  

     To Unearned Revenues $777

(Being cash is recorded)

7. Cash $3,108

      To Service Revenues $3,108

(Being cash is recorded)

8. Salary & Wages Expense $1,664

   To Cash $1,664

(Being cash paid is recordeD)

9. Accounts Payable $333

      To Cash $333

(Being cash paid is recorded)

5 0
3 years ago
Which of these is NOT an advantage of the impact of computer careers.
VMariaS [17]
<span>C.An increase in the number of stress and health concerns that result from working in a computer environment.</span>
7 0
3 years ago
Read 2 more answers
What is the annual insurance premium ​
Ludmilka [50]

First you need to find out the amount of insurance coverage needed:

80% of the home value.

(312,500 X .80)

Find that row in the table. Then look in the first column for the amount.

8 0
3 years ago
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